standard and poor

S&P; cuts ArcelorMittal ratings to junk status


August 3rd, 2012 - 5:49 pm ICT by IANS
London, Aug 3 (IANS) Ratings agency Standard & Poor's Friday cut Lakshmi Mittal-led steel firm ArcelorMittal's ratings to junk, saying the slowdown in the global economy, especially in Europe, ... Read more...

Posted in Business |

BRIC banks to be under pressure: S&P;’s


July 26th, 2012 - 12:43 am ICT by IANS
Chennai, July 25 (IANS) Credit rating agency Standard and Poor's (S&P;'s) Wednesday said that the banks in Brazil, Russia, India and China (BRIC) could come under pressure over the next ... Read more...

Posted in Business |

Inflation to soften by mid-October: Kaushik Basu


July 3rd, 2012 - 8:51 pm ICT by IANS
Chennai, July 3 (IANS) Inflation would continue at the 7.5 percent level till September this year, after which it is likely to go below 7 per cent, Kaushik Basu, chief ... Read more...

Posted in Business |

Rupee ends at 57.12 after slipping to 57.33 against a dollar (Lead)


June 22nd, 2012 - 7:11 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 to a dollar for ... Read more...

Posted in Business |

Rupee in free fall, slips below 57 against dollar


June 22nd, 2012 - 2:37 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 against a dollar for ... Read more...

Posted in Business |

Rupee slumps to record low of 56.57 against dollar (Lead)


June 21st, 2012 - 4:12 pm ICT by IANS
Mumbai, June 21 (IANS) The Indian rupee slumped to a record low of 56.57 against a dollar Thursday due to increased demand for the American currency by oil importers and ... Read more...

Posted in Business |

‘S&P; take on India has no traction in BRICS’


June 16th, 2012 - 11:03 pm ICT by IANS
On Board Air India One, June 16 (IANS) The warning of a ratings downgrade of India by Standard and Poor's neither impacts on its standing in BRICS, nor undermines ... Read more...

Posted in World |

Brazil optimistic on crossing $15 bn trade target with India


June 14th, 2012 - 10:30 pm ICT by IANS
Kolkata, June 14 (IANS) Amid global economic downturn and India's persistent slowdown in economic growth, Brazil is optimistic that its bilateral trade with India would surpass the target of $15 ... Read more...

Posted in Business |

BJP slams government over economic situation (Lead)


June 12th, 2012 - 9:21 pm ICT by IANS
New Delhi, June 12 (IANS) The Bharatiya Janata Party (BJP) Tuesday slammed the Congress-led government charging it with "policy paralysis" for the downturn in the economic situation, a day ... Read more...

Posted in Politics |

BJP slams government over economic situation (Lead)


June 12th, 2012 - 9:21 pm ICT by IANS
New Delhi, June 12 (IANS) The Bharatiya Janata Party (BJP) Tuesday slammed the Congress-led government charging it with "policy paralysis" for the downturn in the economic situation, a day ... Read more...

Posted in Politics |

BJP slams government over ‘policy paralysis’


June 12th, 2012 - 7:05 pm ICT by IANS
New Delhi, June 12 (IANS) A day after international rating agency Standard and Poor's warned that India may lose its investment-grade rating due to slowing growth and political roadblocks ... Read more...

Posted in Politics |

S&P; warns India risking investment downgrade; Rupee, Sensex fall


June 11th, 2012 - 9:18 pm ICT by IANS
Mumbai, June 11 (IANS) International ratings agency Standard and Poor's Monday warned that India may lose its investment-grade rating because of slowing growth and political roadblocks to economic policy-making, ... Read more...

Posted in Business |

Sensex closes flat; ICICI rallies on Q4 earnings (Roundup)


April 27th, 2012 - 6:42 pm ICT by IANS
Mumbai, April 27 (IANS) A benchmark index for Indian equities markets Friday closed flat amidst choppy trade. ICICI Bank emerged the top gainer after the private lender announced robust ... Read more...

Posted in Business |

US housing prices at lowest point in a decade


April 25th, 2012 - 11:26 am ICT by IANS
New York, April 25 (IANS/EFE) Prices of single-family homes in the 20 largest US metropolitan areas fell 3.5 percent in February from a year earlier, leaving the national averages at ... Read more...

Posted in Business |

US housing prices still falling


February 1st, 2012 - 12:56 pm ICT by IANS
New York, Feb 1 (IANS/EFE) Prices of single-family homes in the 20 largest US metropolitan areas fell 1.3 percent in November from the previous month and 3.7 percent compared with ... Read more...

Posted in Business |

Backed by global cues, Sensex closes 276 points higher (Roundup)


January 17th, 2012 - 6:14 pm ICT by IANS
Mumbai, Jan 17 (IANS) A benchmark index for the Indian equities markets closed 276 points higher Tuesday, helped by positive global cues and latest data from China which showed ... Read more...

Posted in Business |

US stocks rise on positive retail data


December 14th, 2011 - 5:23 am ICT by IANS
New York, Dec 14 (IANS) US stocks opened higher Tuesday on positive retail data.According to the commerce department, US retail sales rose 0.2 percent after a 0.6-percent gain in October.The ... Read more...

Posted in Business |

Another global slowdown a possibility: Mukherjee


December 9th, 2011 - 4:25 pm ICT by IANS
New Delhi, Dec 9 (IANS) Finance Minister Pranab Mukherjee Friday said another global slowdown was now a possibility as international economies suffer from rising inflation and fuel cost."Another global ... Read more...

Posted in Business |

S&P; puts 15 euro zone nations on negative watch


December 6th, 2011 - 2:36 pm ICT by IANS
New York, Dec 6 (IANS) Standard and Poor's has put 15 eurozone nations, including the area's six AAA-rated countries, on "CreditWatch negative" due to deepening economic and political turmoil in ... Read more...

Posted in Business |

Indian IT industry to grow 16-18 percent, market cautious


August 23rd, 2011 - 10:10 pm ICT by IANS
New Delhi, Aug 23 (IANS) Software industry body Nasscom Tuesday said it is confident about its projection that the IT industry in India will continue to be on the growth ... Read more...

Posted in Business |

Sensex plunges 466 points on global turmoil (Weekly market review)


August 13th, 2011 - 3:09 pm ICT by IANS
Mumbai, Aug 13 (IANS) Benchmark indices of Indian equities markets slumped almost three percent this week as investors dumped shares taking cues from the turmoil in global markets amid ... Read more...

Posted in Business |

Obama pays tribute to fallen seals


August 9th, 2011 - 11:47 pm ICT by Aishwarya Bhatt
Washington, Aug 9 (THAINDIAN NEWS) US President Barack Obama has paid tribute to the US Special Navy Seals who were killed in a recent Taliban attack in Afghanistan. The attack took place ... Read more...

Posted in Politics |

Fuel prices to fall if global prices dip further (Lead)


August 9th, 2011 - 9:11 pm ICT by IANS
New Delhi, Aug 9 (IANS) The government Tuesday said that prices of petrol and other fuel could be lowered if global crude prices continue to slip further.A fall in ... Read more...

Posted in Business |

Indian markets stem losses as global bourses continue fall (Roundup)


August 9th, 2011 - 7:19 pm ICT by IANS
Mumbai, Aug 9 (IANS) Indian equities markets managed to stem losses as global markets continued to tumble Tuesday. A benchmark index, after falling over 550 points in early trade, ... Read more...

Posted in Uncategorized |

Reserve Bank of India Governor D.Subbarao gets two-year extension


August 9th, 2011 - 3:14 pm ICT by IANS
New Delhi, Aug 9 (IANS) The government Tuesday approved the extension of Reserve Bank of India Governor D. Subbarao's tenure by two years, which officials said could be because of ... Read more...

Posted in Business |

US crisis may hit but also benefit India, says FICCI


August 8th, 2011 - 6:47 pm ICT by IANS
New Delhi, Aug 8 (IANS) India will be impacted in the short term because of the US sovereign debt crisis, but it will also benefit from the economic turmoil as ... Read more...

Posted in Business |

Limited impact of US debt crisis, Indian economy resilient: RBI


August 8th, 2011 - 4:08 pm ICT by IANS
Mumbai, Aug 8 (IANS) The Reserve Bank of India (RBI) Monday said the crisis emanating from downgrading of the US sovereign debt rating would have only limited impact on India ... Read more...

Posted in Business |

Don’t panic, Indian economy fundamentally strong: Mukherjee


August 8th, 2011 - 3:51 pm ICT by IANS
New Delhi, Aug 8 (IANS) Even as global stock markets continued to lose heavily over the US sovereign debt downgrade, policymakers in India sought to reassure investors that the ... Read more...

Posted in Uncategorized |

Tough times ahead for Indian equities markets


August 7th, 2011 - 4:55 pm ICT by IANS
Mumbai, Aug 7 (IANS) Indian equities markets are expected to start the week's trade with a negative bias Monday as a fallout of the US economy downgrade continues to ... Read more...

Posted in Business |

S&P;’s rating downgrade wrong decision: US official


August 7th, 2011 - 2:24 pm ICT by IANS
Washington, Aug 7 (IANS) Global rating agency Standard and Poor's (S&P;) made a hasty and wrong decision of stripping the US of its top-notch credit rating, a senior US Treasury ... Read more...

Posted in Business |

A global crisis but Indian economy strong: Mukherjee (Lead)


August 6th, 2011 - 9:56 pm ICT by IANS
New Delhi, Aug 6 (IANS) In the backdrop of a global meltdown of stock markets, which also rocked Dalal Street, and a ratings downgrade of US, Finance Minister Pranab ... Read more...

Posted in Business |

US avoids default; retains AAA rating for now


August 3rd, 2011 - 10:52 am ICT by IANS
Washington, Aug 3 (IANS) As the US avoided a disastrous default hours before the midnight deadline, two major ratings agencies reaffirmed the federal government's AAA rating, but warned America ... Read more...

Posted in Business |

US home prices up for first time in eight months


June 29th, 2011 - 11:42 am ICT by IANS
New York, June 29 (IANS/EFE) The price of single family homes in the 20 biggest US metropolitan areas rose in April by 0.7 percent over the preceding month, the first ... Read more...

Posted in Business |

Wall Street ends May lower, snapping five-month winning streak


June 1st, 2011 - 6:17 am ICT by IANS
New York, June 1 (IANS) Wall Street ended the last session of May on a strong note, but major indexes still suffered monthly losses to end a five-month wining streak, ... Read more...

Posted in Business |

One in four Italians face poverty due to recession


May 24th, 2011 - 11:37 am ICT by IANS
Rome, May 24 (IANS/AKI) One in four Italians currently face poverty as a result of the global financial crisis and their country's chronically low growth, the national statistics institute Isat ... Read more...

Posted in Business |

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